Secondhand crude tanker prices have hit their highest levels for 15 years as owners seek to tap into surging tonne-miles linked to Russia’s war in Ukraine, said shipowner body Bimco.
Five-year-old aframax values have reached 96% of newbuilding prices amid reports of sky-high sales in recent weeks.
Bimco’s chief shipping analyst Niels Rasmussen said a key factor has been the 83% increase in tonne miles from Russia’s oil exports.
